The Housing Market Faces Its Biggest Test Yet
Posted by Cary W Porter on
Compared to a year ago, Northwest MLS (NWMLS) brokers reported:
- Significant jump in inventory,
- double-digit drops in both pending and closed sales
- And the smallest year-over-year (YOY) increase in prices since June 2020.
What the changes mean in general terms are:
- More houses on the market
- Longer market times
- Stabilizing home prices
- Fewer showings and open house visitors
- Fewer offers at one time
- And more price adjustments
KIRKLAND, Washington (July 6, 2022) – Housing statistics from Northwest Multiple Listing Service for June show signs of a shifting market, creating opportunities for some buyers. Compared to a year ago,…
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